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Nordic confectionery company making branded candy, chocolate and pastilles sold across Scandinavia and Europe.
Nordic confectionery company making branded candy, chocolate and pastilles sold across Scandinavia and Europe.
Sells its own branded sweets to grocers and convenience chains, and also supplies loose pick-and-mix candy that retailers sell by weight from self-serve displays. Brands such as Malaco and Läkerol are Nordic household names, and Sweden is its home market.
In one line: A Nordic Hershey/Mondelez confectionery portfolio.
Moat: narrow (brand, distribution). Strong regional confectionery brands with retailer shelf presence, in a mature, competitive category.
Headquarters: Linkoping, Sweden · Founded: 1862 · Employees: 2,777
Size Cloetta (CLA-B.ST) is a Sweden Consumer Staples company (Food: Specialty/Candy) with a market value of $1.82B, the 92nd largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 61.65 on 6 Nov 2026.
Performance Over six months the shares gained 16.4%, against -7.1% for the median peer and +8.2% for the Sweden market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 0.1% over the last twelve months (peer median +2.7%); the operating margin is 13.5% (peer median 6.9%).
Valuation It trades at 20.9× forward earnings against a peer median of 18.2× (7th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.9 points above its cost of capital (5.9% WACC).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 8.61B | SEK 8.53B | SEK 8.61B | SEK 8.30B | SEK 6.87B |
| Revenue growth | — | -1% | +4% | +21% | — |
| Gross profit | SEK 3.07B | SEK 3.19B | SEK 2.79B | SEK 2.48B | SEK 2.21B |
| EBITDA | SEK 1.43B | SEK 1.45B | SEK 1.06B | SEK 1.01B | SEK 864M |
| Net income | SEK 849M | SEK 791M | SEK 477M | SEK 437M | SEK 275M |
| Free cash flow | SEK 965M | SEK 926M | SEK 603M | SEK 498M | SEK 307M |
| Capital expenditure | SEK 148M | SEK 133M | SEK 163M | SEK 282M | SEK 214M |
| Total debt | SEK 1.64B | SEK 1.60B | SEK 2.50B | SEK 2.48B | SEK 2.48B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Cloetta CLA-B.ST | $1.82B | +16% | 0% | 14% | 20.9× | -0.3% |
| Mondelez International MDLZ | $83.6B | +8% | +6% | 18% | 19.9× | -2.7% |
| Orkla ORK.OL | $10.8B | -6% | 0% | 10% | 15.5× | -1.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CLA-B.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +19.5% | +3.5% | 2nd highest of 21 |
| 6-month return | +16.4% | -7.1% | 6th highest of 21 |
| Distance from 52-week high | -3.1% | -19.9% | 2nd highest of 21 |
| Revenue growth (TTM) | +0.1% | +2.7% | 6th lowest of 21 |
| Operating margin | 13.5% | 6.9% | 6th highest of 21 |
| Forward P/E | 20.9× | 18.2× | 7th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -0.3% | 2.6% | 7th least demanding of 18 |
| Growth delivered (Del g) | +8.4% | +7.8% | 8th highest of 18 |
| Hurdle (Req g minus delivered) | -8.7 pp | -4.9 pp | 5th least demanding of 18 |
| ROIC minus cost of capital | +7.9 pp | +2.5 pp | 7th highest of 21 |
| EV / EBITDA | 13.1× | 9.2× | 3rd most expensive of 13 |
| Net debt / EBITDA | 0.8× | 1.4× | 6th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cloetta CLA-B.ST | Sweden | $1.82B | +16% | 0% | 14% | 20.9× | -0.3% | +8.4% |
| Anhui Jinhe Industrial 002597.SZ | China | $1.83B | -8% | +22% | 4% | 19.4× | 10.3% | +6.0% |
| Robertet RBT.PA | France | $1.84B | +4% | 0% | 15% | 18.3× | -0.4% | +9.4% |
| Nongshim 004370.KS | South Korea | $1.74B | +8% | +5% | 6% | 11.8× | -16.1% | +5.9% |
| Corbion CRBN.AS | Netherlands | $1.73B | +37% | -3% | 8% | 19.6× | 11.5% | +5.1% |
| J & J Snack Foods JJSF | United States | $1.68B | +18% | -5% | 6% | 24.1× | 6.8% | +9.1% |
| Nissui 1332.T | Japan | $1.97B | -16% | +8% | 4% | 10.8× | 0.9% | +8.7% |
| Three Squirrels 300783.SZ | China | $1.66B | -12% | -13% | 2% | 21.5× | 19.5% | +0.8% |
| Nomad Foods NOMD | United States | $1.64B | +24% | +3% | 13% | 7.3× | -4.1% | +3.6% |
| Chongqing Fuling Zhacai 002507.SZ | China | $2.04B | -6% | +3% | 28% | 18.0× | -0.9% | +1.4% |
| UTZ Brands UTZ | United States | $2.05B | +90% | +2% | 4% | 17.9× | 31.8% | +8.3% |
| Sanquan Foods 002216.SZ | China | $1.56B | -18% | +7% | 5% | 18.1× | 2.6% | -1.1% |
| Kagome 2811.T | Japan | $1.51B | +3% | +3% | 7% | 24.0× | 2.2% | +10.0% |
| NIPPN 2001.T | Japan | $1.50B | +8% | +2% | 5% | 11.3× | n/a | n/a |
| Weilong Delicious Global 9985.HK | Hong Kong | $2.22B | -20% | +13% | 25% | 9.6× | -6.3% | +11.1% |
| Sichuan Teway Food 603317.SS | China | $2.24B | -18% | +22% | 21% | 20.4× | 2.9% | +7.8% |
| Gambol Pet 301498.SZ | China | $2.25B | -32% | +14% | 7% | 43.6× | n/a | n/a |
| Chacha Food 002557.SZ | China | $1.46B | -17% | +8% | 8% | 15.8× | n/a | n/a |
| Qianhe Condiment & Food 603027.SS | China | $1.43B | -21% | -6% | 14% | 23.9× | 3.1% | +8.8% |
| Yantai North Andre Juice 2218.HK | Hong Kong | $2.31B | +27% | -14% | 18% | 21.9× | 21.9% | +14.0% |
| Flowers Foods FLO | United States | $1.42B | -20% | +2% | 6% | 8.8× | -7.6% | +3.7% |